SBA Communications Co. (SBAC) Shares Sold by Lasalle Investment Management Securities LLC

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Lasalle Investment Management Securities LLC reduced its stake in SBA Communications Co. (NASDAQ:SBAC) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,576 shares of the technology company’s stock after selling 77,494 shares during the quarter. Lasalle Investment Management Securities LLC owned about 0.28% of SBA Communications worth $51,574,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SBAC. Legacy Financial Advisors Inc. acquired a new stake in SBA Communications in the fourth quarter valued at approximately $25,000. Resources Investment Advisors Inc. acquired a new stake in SBA Communications in the fourth quarter valued at approximately $28,000. CWM LLC boosted its position in SBA Communications by 49.2% in the fourth quarter. CWM LLC now owns 185 shares of the technology company’s stock valued at $30,000 after buying an additional 61 shares in the last quarter. We Are One Seven LLC acquired a new stake in SBA Communications in the fourth quarter valued at approximately $34,000. Finally, Private Capital Group LLC boosted its position in SBA Communications by 38.7% in the fourth quarter. Private Capital Group LLC now owns 226 shares of the technology company’s stock valued at $37,000 after buying an additional 63 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on SBAC shares. ValuEngine lowered shares of SBA Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of SBA Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Morgan Stanley raised their target price on shares of SBA Communications from $190.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. BidaskClub lowered shares of SBA Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, Guggenheim lowered shares of SBA Communications from a “buy” rating to a “neutral” rating and set a $185.00 price target on the stock. in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $187.63.

Shares of NASDAQ:SBAC opened at $191.56 on Tuesday. The firm has a market cap of $21.50 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.44 and a beta of 0.82. SBA Communications Co. has a 52 week low of $146.13 and a 52 week high of $192.18.

SBA Communications (NASDAQ:SBAC) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($1.33). The business had revenue of $483.85 million for the quarter, compared to analyst estimates of $472.87 million. SBA Communications had a negative return on equity of 1.71% and a net margin of 2.54%. SBA Communications’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. Research analysts forecast that SBA Communications Co. will post 7.82 EPS for the current year.

In related news, SVP Brian D. Lazarus sold 20,561 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $187.51, for a total value of $3,855,393.11. Following the transaction, the senior vice president now owns 36,525 shares in the company, valued at $6,848,802.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kurt L. Bagwell sold 22,400 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $181.53, for a total transaction of $4,066,272.00. Following the completion of the transaction, the executive vice president now owns 82,878 shares in the company, valued at approximately $15,044,843.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 194,749 shares of company stock worth $35,604,129. 2.70% of the stock is owned by company insiders.

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SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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Institutional Ownership by Quarter for SBA Communications (NASDAQ:SBAC)

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